Evening Star Newspaper, December 4, 1929, Page 14

d 14 st * TRADEIS REVIEWED INFIFTH DISTRIT Reserve Bank Finds Report® Favorable—Savings Clubs Get Lively Start. BY EDWARD C. STONE. Trade in the fifth Federal reserve dis- | trict was in good volume and showed | seasonal advances in October, accord-( ing to complete details received from the Federal Reserve Bank of Richmond | today. There are troublesome spots in this territory, says W. W. Hoxton, and some industries are not doing as well as others, bt favorable factors are more numerous than unfavorable ones, Mem- ber banks’ loans are lower than a year ago, and for the first time in many months loans on securities are below | those outstanding 12 months earlier. Member banks in the district are bor- rowing more from the reserve bank than at this time last year, but the increase is in country bank borrowing, chiefly for agricultural purposes. i cbits to ?nd?volsdul] accounts figures for five weeks ended November 13 were not only seasonally larger than debits in the preceding five weeks this year, but were more than 8 per cent higher than debits for the corresponding period last vear, indicating that Fall and Winter trade is proceeding normally and prob- ably in somewhat larger volume than in | 1928. Commercial failures in the fifth dis- trict in October were fewer than in any other October in six years, and the liabilities involved were the lowest for that month in 10 years. Labor is mod- erately well employed. Coal production in October was in larger volume than in October last year, and textile mills con- sumed more cotton last month than in the same month in 1928, although th'E situation in cotton manufacturing Is! still unsatisfactory. Decline in Building Permits. Building provided for in October per- | mits was in smaller volume than a year ago in most of the cities of the district, although more work‘in 10 of them ex- ceeded the decreases in the other 23 re- porting cities and brought the district total valuation slightly above that of the October, 1928, permits. On the whole, agricultural returns in the district are better this year than last, with cotton the only outstanding exception. The prospective yield of cotton in the district is larger than last year's yield, but the price is sufficiently lower at present to reduce the cash returns below those ! realized for the 1928 crop. Tobacco farmers are faring better than cotton growers, a moderately larg- er crop selling for slightly higher prices this year in comparison with last year. Fruit crops are generally smaller this | year, but practically all other crops com- | pare favorably with those of 1928 in| ‘both yield and price. The gain in money returns received tais year by potato growers in the fifth district was perhaps the most marked change in ag- ricultural returns over last year. Retail trade was in larger volumel than in October last year, although | sales in the Carolinas did not come up | to those of the earlier month. Finally, wholesale trade averaged about the | same as in October, 1928, some lines J reporting increased and some decreased | sales, with no very marked change in’ either direction. Christmas Clubs Start With Bang. Inquiry at many local banks today revealed that the Christmas Savings 2“!:5 for 1930 have started off with a ng. ‘The new clubs were opened only last Saturday, but. nearly all the banks | make two important announcements about them. They declare that more Washington people are opening Christ- mas savings accounts than did last year at the same time and that the amounts being deposited are larger. 1 With larger individual deposits lnd] an increased total membership, it now seems certain that last year's total sav- ings will be increased. The coming year's club deposits should reach close 10 $8,000,000 and the membership ought to.be well toward 90,000. The crash in the stock market is | held to have had a very sobering effect. on people everywhere. Their attention has been turned to the importance of | having some definite saving policy and | some money set aside that will not be swept away in any break that may take place in Wall Street. Local bankers as- sign the new attitude toward savings and the co-operative advertising being | carried on in Washington as the two chief reasons for the increased inter- est in the club savings idea. Washington Gas Stock Higher. ‘Washington Gas Light stock sold at 105 on the Washington Stock Exchange, a gain of 5 points of the last transfer. Capital Traction registered 75%, Potomac Electric Power 6 per cent pre- ferred 108, while the 5!% per cent is- sue sold at 1047, —~Prev 1929— Hig] 10% 25 5614 118% 2548 125 6% 425 23% 73% 69 58 20 84 15 w 36% Abitibl Power & Pap : FINANCIAL Stock ana Sales— Dividend Rate. Add 00 High. 28 9% 641 28 85% 22 ADItIbI P& P pf(8). Abraham Strauss 5 Adams Express ct: 35 Adams Exppf (6)... 4 Advance Rumley pf.. 4 85% 21% % ‘Ahumada Lead. B 77 20% Alr Wal El Ap(2%). 2 4% Alaska Juneau. 5 17 90 197 118'% Allled C& D bt (7).. 35% Allis Chaim (n) (2). 17% Amerada Corp (2) 40% 4 86 1334 75 110% 27 20 18% 23 50 101% 864 19% 3% 29 291 2ty 90 111% 142 311 1 644 92 72% 28 1214 60 44 211 35% 40 56 18 . Ly Alr Reductn (1434).. 211 139% 135 2 25% 26% 2% 2% 12 o 64 Albany P W Paper.. 1 Alleghany Corp..... 646 241 24 Alleg Corppf (E%). 1 98% 984 Allied Ch & Dye (c6) 11 260 255% 2 2123 123 85 B4 48% 13 22 21% Am Agricul Chem K 6% 6% Am AgricuiChpf... 3 29 28% Am Bank Note(ft$). 29 10214 99% Am Beet Sugar. 3 8 7 Ajax Rubber. 1142 43 .. 127 34% " 324 Am Brake Snoe 2.40. Am Brown Bov Elec. Amer Can (15) Am Can pf (7) 2 141% 141% 3 8T% 86T 1115 8 417 41 82 854 52 13 24% 24 23 391 38 650 864 K1Y Am Car & F pf (7) Am Chicle (+2%). Am Com Ale (k1.60). Am Encaust Til (2). Am European Sec. Am & For Power .. Am&Forn Pwr pf(7) Am&For Po 2d pf(7) Am Hawailan S 8 (2) Am Hide & Leather. American Ice (3). Am Internat (32)... Am La F & Foamite. Am Locomotive (8 Am Loco pf (7). Am Machine Co Am Metal (3) Am Plano Am Pow & Am Pow & Lt pf (8). Am P&L pf A st (5). Am Ra&Std San 1%. Am Republics....... Am Roll MINI (e2) Am Safety Razor(5). Am Seating (2)...... Am Sm & Ref (4). Am Snuff (3).. . Am Steel Fdy (3).... Am Stores (12%). Am Sugar Rfg (§) Am Sumatra (3) 3 1 2 16 3 10 8 4 110% 108% 2 1156% 115% -3 246 310% 193% Am Tel & Tel (9).... 105 229% 227 23214 235 121% 114% Am Tobacco pf (8) 199 160 160 115 49% 25 96 30 18% 7% 5% 2% 16% 20% 34 25 1954 99 161 32u 45% 30 67 120 3% 491 22 32 b% 15 105 75 56 20 55 15 ~ 3% 4 105 Washington Gas, Capital Traction ~and Potomac Electric Power 6s were the only bonds out today, prices being| steady. | It was learned today at the Treasurs | that Willlam M. Folger, who has re- | cently been president of a bank in| Norfolk, has returned to Washington 2s a national bank examiner and is! 8gain attached to the office of the| controller of currency. Gleaned in Financial District. Commenting on the President's mes- sage. Chairman McFadden of the House banking and currency committee stated: “I am in hearty accord with the Presi- dent in the suggestion in his message that a careful investigation be made of the present state of our banking sys- tem, with a view to amending the na- tional banking law The Chesapeake & Ohio Railway stockholders approved increase in capi- tal stock to $300,000,000, from $185,- 000,000, and 4-for-1 split. The Pennroad Corporation interests understood to have acquired holdings in | New Haven and Boston & Maine Rail- roads. The National City Bank, National City Co. and City Bank Farmers’ Trust Co. have declared combined regular quarterly dividend of $1, payable Jan- uary 1 to stock of record December 1 As in the recent past. it is not stated what portion of this dividend is paid by the bank, by the securities company, or | by the trust company. [ The Miller Train Control Corporation | reports a number of foreign countries have become interested in the Miller trafilator and negotiations are now be- | 1 ing carried on with several of the large signal companies for sales rights | throughout the British empire and con- tinent. New Securities By the Associated Press. NEW YORK, December 4 —New securities offered today include: City of | Syracuse, N. Y.. $1,700,000, 4 and 4% per cent gold bonds. dated December 15, 1929, and due 1930 to 1969, inclusive. ‘The issue consists of $820,000 of 4 per cent bonds, and $880,000 of 4!5s, and is offered at prices to yleld from 435 to 4.10 per cent, according to maturity. The bonds aré offered by Eldredge & Co. ‘ MERCHANTS & MINERS. BALTIMORE, Decertiber 4 (Special). —With the single exception of 1925, the Merchants & Miners Transportation Co. will round out the current year with the largest net income in its history. Profit is about 20 per cent greater than it was last year. Balance appli- cable to dividends on the stock will be approximately $5 a share after depre- clatlon, taxes, etc, or double dividend Requirement. 5% % 25 25 8% 116% 37 18 53 26 36 16% 415 14 26% 95 25 21% ¥8 22% 29 31% 2 5 20 50 20 63% 1 3% 25 20 45 189% 28% 17 130 56 31 274 52% 1% 18 3% q 17% 16 281 75 21% 47 101 94% 100 a4 26 271 39% The 25 3514 101 preny 10 2% 98 99% Col Gas & El pf A 16'% Columb Graph(87¢). 105 18 28 28% Coml Inv Tr (1.60). 20% Comm Solvents (1).. 10 35 1 43 40 10 15% Consol Film pf (3).. 804 Consol Gas. NY (4). 92ls Consol Gas of (6). .. 45 1 12 Am Tobacco (t10)... 2 Am Tobacco B (110) 3 1120 7 136 . 289 102 9 2 100% 100% 4 9% 9 11 21% 20% 5 10% 10 Anaconda Copr ¢7).. 908 80% 77 Anaconda W&C (3).. 5 51 Anchor Cap 12.40)... 25 434 Anchor Cap pf (6%). 1 110 Andes Copper (3). Archer-Dan-M (3) Armour Del pf (7) Armour I11 (A) Armour Il (B) Am Type Fdry (8) Artloom (2)..... Art Metal (1%). Asso Appl Ind (¢, Asso Dry G (3%). Atch T & 8 Fe (10) Atch T&SF pf (5)... Atl Coast Line (110). AtIG & W Indles. ... AtIG& W L pf (4).. AUl Refining (12) Atlas Powder (15) Auburn Auto (34)... Austin Nichols. ..., Austrian Cred (4.49) Autosales. . . 14 114 Autosales pf (3).. 2 29 Aviation Corp. Del 70 7 » Baldwin Loco (1.75). 260 331 30 Baltimore & Uhlo (7) 55 1 17% Balto & Ohio pf (4) g Bang & Aroos (334). 3 Barnsdall (12%).... 40 2T} 25% Bayuk Cigar (2) 1 65 65 Beacon Oil.... Beatrice Crean (4).. B'trice Cream pf (7). Belding-Heminway . Belg Nat Rys pf 5.49 Bendix Aviation (2). 104 36% Eest & Company Bethlehem Steel (6). Bethlehem St of (7). Bohn Alumn&B (15). Booth Fish 1st pf. Borden & Co (3). Borg Warner (4) 12 182 6 5 1 b5 1% 20 36% 34% 150 93% 915 5 1247% 124 15 47% 46 28 184 184 70 65w £0% 33 144% 140 43% 10 21% 20% 40 37 3 Bklyn Union Gas (§) Brown Shoe Co (3).. Bruns-Balk-Col(3).. Bruns Ter & Ry 8. Bucyrus Erie (1).... Bucyruscv pf (2%). Budd Wheel. Bullard Co (12). Bulova Watch (3) Burns Bros A (8)... Burns Bros B....... Burroughs AM(1.80 Bush Term (2).... Butte Cop & Z (50c) . Butte & Superior (2) Butterick Co. Byers (A M) By-Prod Cok 10 28% Callf Packing (4)... 5 70 69w Callahan Zinc & L... 19 1% 1y, Calumet & Ariz (10). 10 941y 92 Calumet & Hec (4%4) 22 34% 33% Campbell Wyant (2). 1 20% 204 Canada Dry G A (6). 12 69% 67% Canadian Pac (10).. 15 1995, 199 Cannon Mills (2.80). 9 32 30% Capital Adm (A). 26 3L 31 Case (J 1) (6).. 40 2228 214 Caterpillar Trac (3). 8 60 59 Celotex (3)..voueunn 36U Cent Alloy Steel (2). 3a% Cerro de Pasco (6).. 62% Certain-teed Prod... Checker Cab Mfg Ce. 28% 67 198% 30 30 444 2015 Ch1 & Alton pf Chi Great Wes Chi Great W Chi Mil St P&Pao. .. Chi M) St P&Pac of. Chicago & N W (6).. Chi F'neu Tool...... Chi Pneu T pf {3%). ChiR 1&Paei7).... Chi R 1 & Pacpf (6). Chi R 1 & Pac pf (7). Childs Co (2.40)..... Chrysler Corp ¢3)... Ghickasba C 01l (3). City Ice & F (3.60).. City Stores (1)..... Clark Equipment (3) Cluett Peabody (6).. Coca-Cola (4) Coca Cola A (3) Collins & Atkma: Colo Fuel & tr Colo & South (3 Col Gas & El (3). 16 119% 11744 2 100% 100% 1074 10 58 114 3 104% 104% 700 32% 31, 100 193 170 188% 171% 14 25% 23% 251 23 34k 35% 3474 43% 28%, Columbian Carb(15). Com Credit 12).. Comm Credit A (3).. w Congoleum-Nairn. Cong Cigars (15%). . Consol Cizar 1) Consol Film (2). 6 i 617 1031, 19 994 Consol RR Cub pf( Conroi Textlle. . Container Cor A 1.20 3% Container Corp B. 25% Conu 4% Contl 794% Contl Baking of 88 Contl Bank (120). 40% Contl Can 2%, 20% Contl Dia Fib 46% Conul insur 6l Contl Motors (80¢) 1% 70 201 Coty Ine (e2) 24 17 « onti O1l of Del Corn Prod Refin (t4) 101 .. 65 Cream of Wheat (2). Crossley Radlo (31). 37% Crown Cork & Seal. . 17 n Crown Zellerbach (1) # Crucible Steel (6)... 3 80% 107% 74 1% 1261 52 106% 33 93 52% 109 2284 13 66% 16 102% 394, 72% 128 44% 33% 2% 5 7 X 36 100 112% % 14 58 63 214 234 141% 120% 40 151 24 [3 12 69 107% 19 150 18 1% 55% 5 98 55 3% 9% 31 31% 41% Ej 55% 37 15 3% 20% 26% 5 28 47% 33 31 44 31 32% 33 12% 40 23% 5 % % 42% 102 42 16814 11 59% 50 87% 33% 112 30 914 20 70 50 80 10 T 26 914 1Y% 42 984 60 87 14 914 20 32 41 ¥50 8514 19 28 0 ™ @ 18 5% 12 4% 13 o% 45 60% 104 34% 3415 38 18 17% 3% 134 1% 681 120 8% 22 14% 18% 25 112 20 384 16'4 8Os 5 30 Cuba Cane Su, Cuban-Amer Sugar Cuban Dom Suga: Cudahy Packing (4). Curtis Publish (17). Curtis Publish pf7) Curtiss Wright Corp Curt Wright Corp A. Cutler-Ham (334). Cuyamel Fruit. Davison Chem Debenhams Delaware & Hi Del Lack & W (7 Denvé& RG W pt. Detroft Edison (8). Devne & Ray A (13). Dome Mines (1).... Dominlon Strs(1.30) Drug Corpn (¢) Dunhill Inter (34).. Duplan Silk (1)..... Dupont de N (15.20). Dapont d N deb (6). Estn Roll Mill(ht2). Eastman Kodak(18 Eaton Axle & 8 (3 Eftinzon-Sch (2%) Eitingon of (634 ) 1) El Pwr & Lt pf (7). Elec Stor Bat (5) Emmerson-Brat A, Endicott-John (5). Eng Pub Serv (11).. Equitable Bldz (3% ) Erfe R R...... Erie R R 18t pf (4 Fureka Vac Cl (4). Evans Auto L(32%). Fairbanks Co. #airbanks Mo; Fasn Pk Asso Fed Motor Tr Fed Watr Ser A 2.40. F1d Phen F Ins (2). Filene's Son Filenes (ctfs) First Nat Strs (214). Fisk Rubber........ Follansbee Bros (3). Foster Wheeler (2) Foundation Co. Fox Film A (4).. Freeport-Texas (4). Gabriel Snub A, Gardner Motor. Gen Am Tnk Car($4) Gen Asphalt (4) Gen Cable pf (7). Gen Cigar (4) Gen Electric (16) Gen Elec apec (60c). Gen'l Food Corpn (3) Gen Gas&EI A (te2) Gen Mills (13%). ... Gen Mills pf (6) Gen Motors (13, Gen Motora pf (7). Gen Outd Adv A (4). Gen Outd Ad vte (2) Gen Public Serv(b§ Gen Ry Signal (5. Gen Refrac (14%).. Gillette Sat Raz(cb) Gimbel Brothers. .. Gimbel Bros of (1) Glidden Co (h2)... Gobel (Adolf)...... Gold Dust (234) Goodrich B F (4) Goodrich pf (1) Goodyear Tire (5). Goodyear 18t pf (7). Grand Stores (c1) Grand Unlon. .. Grand Unon pf (3). . Granite City Stl (4). Grant (W T) (e1) Grt North pf (5). Grt North pfet (5). Grt Nor Ore (a1%).. Grt West Sug (2.80) Greene Can Cop (8). Crizsby Grunow (3) Gulf Sta Steel (4). Gulf Mo & North. Guif Mo & N pf (6 Hahn Dept Store: Hahn Dept S pf(8%) Hartman B (1.30)... Hayes Body b8 %, stk Hershey Chocolate. . Hershey Choe pf (4) Hershey Ch or pf($). Hoe (R) & Co.... Homestake Min (17). Houd Hersh B (1%). H'hold Fi pf 13.2214 Household Prd (14). Hud&Man Ry (3.50) Hudson Motor (6) Hupp Motor (£2). Independ Of1 & G (3) Indian Motor Cycle. . Indian Refining. . Indian Refining ct. Industrial Rayon . Ingersoll-Rand 17% . Inland Steel (33). .. Inspiration (4). Insuranshar Intl Agricultural. ... Intl Agri prof (7)... Intl Bus Mch (6) Intl Cement (4) Int Con.bustion Inti Cmb Eng pf (7). intl Harvester (2%) Int Hydro EI A (e2). Intl Match pf (3.20). Int Mer Marine etfs. Int Nickel of Can(1). Intl Nick Can pf (7). Intl Pap & P A(2.40). Intl Pap & Pwr B.... Intl Pap & Pwr C. Intl Paper pf (7). Intl Pap & Pwr b Intl Printing Ink (3) Int] Shoe Co (3) intl Silver (18) Int Tel & Teleg Intertype (113 q Island Creek Coal(4) Jewel Tea (4)...... Johnas-Manville (3). Jordan Motor Car. Kan City Sou (6) Kan City Sou pf (4). Karstadt (Rud.) Ine. Kaufmann D8 (1%) K Kelsey Hayes (2). {elvinator Corp. nnecott (6). Kimberly Clark (13) Kinney G R (1). i<olster Radlo. Kraft PhCh (1%4) Kresge(S8)Co(1.60) Kress (SH)Co (n1). Kreuger& Toll(1.34) Kroger Gr&Bak(cl). Lago O1l & Trans, Lambert Co (8). Lee Rubber & Tire. Lieh Port Cem (2%). lientin Vallev Coal . Lehigh Valley (3%). Lehn & Kink (3), Libbey Owens (1)... [LIREEtr & My (18). . Ligeeit & My 8 (46) Liggett & My pf (7). Ltma Locomotive. I.ta Carbonte (+4%). Loew's. Inc (+3%) Loew's Inc pf (834 Loew'sptx w (634). Loft Inc. . L.oose- Wiles ‘sorillard 1 P) Co. .. . Loutstanaoni .. ..., LouG & El A (1%). Louts & Nash (7). Ludium Steel (3). MeCall Corp (4) McCrory B (2) Mcintype Pore M MeKeespt TP 415, , McKesson & Rob (2) McKes & Rbpfiayg) McLellan Strs A 2.20 Mack Trucks (6). ... Macv(RH)&Co(e13) Madison 8q G (1%). Magma Copper (5)., o s e e - = B L L LT LT T PSR PRS- =t e Prev. | —Prev 1929~ 1% High. Low Dividend Rate. 39% Marlin Rock (13%).. Marmon Motor (4) Martin-Parry. - Mathieson Alk (e2).. Iay Dept Stors(e2). Maytag Co (13). Maytag Co of (3).... Melville Shoe (1.40). Mengel Company(2) Metro Gold pf (1.89). Mexican Seaboar: Miami Copper (4 Michigan Steel (3. Of Midland Stl pf(112). % Miller Rubber...... Minne&Hon Reg(t4) Minn Moline Pw Minn Moline of 6% .. Minn & St Lout: Vo Kan & Texa Mo Kan & Tex of(1). Missourt fe..... Missouri Pac pf (5). Mohawk Carpet 12% Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new).. Morrell J (3.60). 0e) Motor Wheel (3) Mullins Mfg. ... Munsingwear (+: Murraay Corp (k3).. Myer(FE)& Bro (3).. Nash Motors (§) Nat Acme (1%). Natl Pwr & Lt Natl Radtator. Nevada Copper ( Newton Steel (3 NYChi&StL(6) N Y Cht & St L pf(6) NY NH & Hart (6).. " NYNH&HDf 7)., 8 NYOnt& Wes . Norfolk South (2%). Norfolk&Wstn(t12). North Am(b10%stk) North Am pf (3) North Am Ed pf Northern Pae (5 North Pac et Nor Ger Lloyd (3. O11 Well Supply..... Oliver Farm Equip. . Oltvr Fr Ep ev ot(3). Olfvr Fr Eq pf A(6). Omnibus Corp. . Oppenheim Col (5) Otis Elevator (18) Otis Steel (2%) o s 111 Gla - Pacific Gas & E (2).. Pacific Lighting (3). Pacific Ofl stubs. . .. Packard Mot (11.10) . Pan-Am Petroleum. . Pan-Am Pete B. Panhandle P& R.... Paramount-F-L (3). Park & Tilford (33 Park Utah. - Peerless Motor Car.. Penick & Ford (25¢) Penney (J C).. . Pen (J C) pt A (8) Penn Dixie Cement. . Pennsylvania RR(¢) People’s Gas Chi (%) Pere Marquette (13). Pet Milk (1%) . Phelps Dodge (3). Phila Co (7). . Phila Co 6% of (3).. Phila & Read C & I, Philip Morris (1). Phillips Petrolm Phoenix Hostery Plerce-Arrow A. Pilerce Ofl. Plerce Ofl p! Pierce Petroleum. .. Pillsbury F1 (12%). Pirelli Co A (2 88) Pitts& W Va (6).... Poor & Co (B) (2).. P Rican Am To (A) P Rican Am To (B).. Prairie O&G (12%). Prairie Pipe L (15).. Pressed Steel Car. .. Proc & Gamble (2).. Prod & Refiners..... 10 Pub Sve NJ (2.60)... 140 Pub Svc NJ pf 16) 2 & Pub Sve E&G pf(6) . 20 Purity Bakeries (4).. 30 Radio Corp. . Radlo-Kelth-Orph A. Railway & Exp (3).. RRSec1CstkC(4). Raybestos-Man(214) Reading (4). Real 811k (5) Remtng-Rnd 1st Reo Motor (11.40) Ritter Dental (2%). Rosaia Ins (230). Royal Duteh (a3.30). Safeway Stores (5).. St Joseph Lead (13). Sears Roebck (12%) Natl Inv pf ctfs. eca Copper Servel Inc. . Sharon Steel H (3).. Sharp & Dohm . Sharp & Do pf (3%). Shattuck (F3) (1). Shell Union (1.40)... Sales— Add 00. High. Low. s 9 55% 129% Al Prev. Close. Close. S9% 8y 24 23 21 3¢ 8 43% 27 34 445 60 18% Simmo Simms Sinclal Sloss § 4 Slos Solvay Southe Southe Southes Southe: Spang-t Sparks Spence: Spicer Spicer Stand I Std 011 Sterlin, Sterli Stewar Studel Texas Timkn Transc: 131% 1064 4 11314 Und EI % Unfon Cn Oil Union Utd Af Utd At Utd B Utd Bi United Utd Fr United as wunanenuan Vingin Virgin Warne; Warne Warre! Westn Wi Whit White Woolwi Worth Worth Yale & Yellow Young Zenith Am Rol Col. Ca 5 Reynol 10:30 A M. 1:30 P Divide: rates Dl’m:l\l.l based on n Stock. {Pius o in siock us 14 1725708 » share in'st = Splegel-Mav-8t (3).. Stand Brands (1%).. Stand Com Tob (1).. Stand Gas & El (3%) Stand G& Epf (4)... Stand O1I N J (12) Stand Ofl N Y (1.6 Starrett(LS)Co(: Sione & S Freight (3).. Hoffman (2). Ind Alco (6). Leather........ Leather A (4)... Pipe & Fdry (2). Pipe 1st pf (1.20) Realty (5). Ll ). Waldorf Systm (1%) Walworth Co (2) Ward Baking B..... Ward Baking pf (7). Warn Br P pl(2.20). on El Inst (1).. Westvaco Chlor (2). Det Edison N Y Central..Jan 31 W % Utd Gas Im..Dec 311260 Sales of Stocks on New Stock and Dividend Rate. Shubert Theatres. .. ns Co (g3)... Pet (1.60) r Con OI1 (2). Sinclair Ol o Skelly O1] (2). heffield steel. hefMeld pf (7) Am Inpfb¥%. So Porto R Bug 12%. rn Cal EA (2). rn Pacific (6). rn Rwy (8)... Tn Ry pf(6).. Spalding (AG) (2).. Chalfant..... Withngtn(1). r Kelg( Mfg. Mfgpf (3).... 24 404 40 nv Corp (b§). 10% of Cal (h23%) 4 25 ¥es g SecA)..... Sterling Sec pf(1.20) & Sec ov pf(3) t Warn(j3%). ebster. aker (15) Submarine Boat Sun O1l (p1) Superior Ofl. . Superior Steel. . Sweets of Amer (1).. Symington. Svmington A. Telautograph 11.06. . ‘Tenn Cop & Ch (1).. Texas Corp (3). . Tex Guif Sul (4) . Texas P C & O] (b6) Pac Land Tr.. Thatcher Mfg (40c). Thatcher pf (3.60).. ‘The Fair (2.40)..... Third Avenu ‘Tide Water Asso. Tlide Wat Asso pf(§) Tide Water O11(30¢). Det Axle 130 Timken Roller (3). Tobacco Products Tobacco Prod ctfs. . Tobacco Products A. 'untinental. .. Transue & W (1).... Trico Prod (24).... Truax Traer (1.60). Truscon Stl (f1.20). Twin City Rp T (4). 1lod Fishr (§) Eag & Paper. . Uniton Carbide(2.60) of Cal (12). Pacifio (10) reraft&Tra reraft&T of 8. scult (1.60)... scuit pf (7). Utd Carbon (2).. Utd Cigar Stores. ... Utd Cgar Stor. ctfs Cigar Strs pf. Utd Corporation. Utd Corp of (3) United Elec Cq uit (ed). Utd Gas & Imp .o Utd Gas & Im pf(§).. Utd Plece Dys Wks Stores A f of ) Univ Leaf Tob (3).. Univ Pipe & Rad. Utll Pwr & Lt A (e3) Vanadium (14)..... Vick Chemical(234). Virginia-Car Chem, . a-Car 6% of -Car pf (7)., 1 [STCIEPATY JPNOpers) T Bros Pic (4) 5 wS r-Quinian (2). Warren Bros (19). .. n Fy&Pipe(2). Dairy A (4 ern Pacif p! Western Unfon Westngh Air Brk( 4By Kagle O1l (2), Motors (2)... WhiteRock M S (t4) White Sewing Mach. White Sw Mch pf(4) Wileox Rich(A)2%.. Wilcox Rich B (e2). Willys-Over (¢1.20). Wilson & Co.. Wilson & Co A. Wilson & Co pf. orth (2.40) Worthington Pum) Pump A (7) Pump B (¢ Wright Aero (2 . Wrigley Wm (4).... Towne (15 Truck & C. Sheet & T (5) Radio (2).... RIGHTS EXPIRE Allis-Chal, n.Dec. 31 1ig M..Feb 15 Bang & Aroos Dec. 7 Bucyrus Erie Dec 30 rbou. . Mar. 11 Dec. 23 5% bla dsTob.Jan24 5 % i ¥ York Exchangs. 12:00 Noon « 1,714,200 2:10 P. « 3.414,000 “ 1% 21,800 9.000 . tBfus ** SBINEE ePlus 6% 1o stock.” B Partiy stent® Piet 8, 0Are In atock. r Blus 3% 0 stoek. m Pi Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, December 4.— Poultry, alive—Turkeys, pound, 34a36; old and crooked breasts, 2. chickens, 24a28; Leghorns, 2 22a28; Leghorns, 18233; poor and thin fowls, 17a18; old roosters, 18a20; ducks. 16a25; geese, 16a22; guinea fowls, each, 40a50; pigeons, t:‘“i 3157 e Eggs—Receipts, 1017 cases; iy dozen, 53a54; a45; current re- ceipts, 43a45; culls and dirty, 25a30. Butter—Creamery, to cholce, pound, 41a46; ladles, 35a36; rolls, 3la 32; store packed, 21; process butter, 40a42, Vegetable Prices. Potatoes—White, barrel, 1.50a3.00; 100-pound- sacks, 1.75a2.50; sweet pota- toes, barrel, 1.75a2.50; bushel, 75a1.35; yams, barrel, 1.50a: beans, bushel, 00, X cauli- celery, crate. 1.2523,00; let- crate, 4.00a5.50; onions, 100 pounds, 1.50a1.75; parsnips, baskets, 40a 50; peppers, crate, 8.00a8.50; pumpkins, 100, 3.00a10.00; spinach, bushel, 1.00a 1.50; squash, crate, 2.00a3.00; tomatoe: crate, 2.50a3.50; turnips, hamper, 20a 3 pples, bushel, 75a2.75; cranberries, 3.00a4.25; grapefruit, box, 3.25a 4.75; oranges, box, 3.0024.25; tangerines, box, 2.00a3.00. Hay and Grain Prices. Wheat—No. 2 red Winter, spot, 1.33%: No. 2 red Winter, garlicky, spot 1.30%,; December, 1.30',; January, :32%; No. 3, gariicky, no quotations. Corn—No. 2 domestic, yellow, 1.10a L.11; cob corn, new, 4.50a4.60. Oats—No. 2 white domestic, spot, 57a 58; No. 3 white domestic, spot, 56a57. Rye—Nearby, 90a1.00. Hay—Receipts, none. hay is about over. A little new crop is arriving, but hardly enough upon which to establish quotations by grades. Where in good order new hay sells at from 14.00 to 17.00 per ton, acording to ils quality and condition, receipts by trucks taking care of most require- ments. Straw—Little demand for straw Re- ceipts generally ample. Wheat straw, No. 1, per ton, 9.00a10.00; oat straw, No. 1, per ton, 9.00a10.00. Live Stock Market. Cattle—Receipts, 50 head; light sup- v.sl_\é: market steady. teers—Choice to prime, none: good to choice, 12.00 to 12.35; medium to Season for old 3 11.00 to 12.00; fair to medium, to 11.00; plain to fair, 9.00 to : common to plain, 8.00 to 9.00. Bulls—Choice to prime, none; good to choice, none; medium to good, 7.50 to 8.50; fair to medium, 7.00 to 7.50; plain to fair, 6.00 to 7.00; common to plain, 5.00 to 6.00. Cows—Choice to prime, none; good to_choice, 7.50 to 8.00; medium to good, 6.50 to 7.50; fair to medium, 550 to 6.50; plain to fair, 450 to 5.50; com- mon to plain, 3.75 to 4.50. Heifers—Choice to rrlme, none’ good to choice, none; medium to good, 9.00 to 10.00; fair to medium, 8.00 to 9.00: plain to fair, 7.00 to 8.00; common to plain, 6.00 to 7.00. ss‘r:’sh cows and springers, 60.00. to 150.00. Sheep and lambs—Receipts, 150 head; light supply: market steady. Sheep, 2.00 to 6.00; lambs, 6.50 to 14.00. Hogs—Receipts, 150 head; light sup- pl. market steady. Lights, 9.60 to 9.80; heavies, 10.00 to 10.30; medium, 10.00 to 10.30; roughs, 7.40 to 9.00: light Ppigs, 9.60 to 9.90; pigs, 9.85 to 10.00. Calves—Receipts, 25 head: light sup- ply, market steady.. Calves, 7.00 to 17.00. According to the last census figures, the United States contains more people of British (exclusive of Irish) origin than Great Broitain itself uses. good, 10.00 10.0 24% 27% 4 8% 12718 65 63w 85 974 219 147% :2'« Wright Aero and Bendix rose about 5 Y 3 146% 143 STOCK PRICES GAIN INACTIVE MARKET New Investment Demand Re- sults in Rapid Advance. Shorts Driven In. BY STANLEY W. PRENOSIL, NEW YORK, December 4 —Stock 23% 19% | prices made further recovery in today's market under the leadership of the pub- lic utilities, but waves of selling _swept over the market at intervals and cut down some of the gains. Trading was again on a broad scale, with the ticker running a few minutes behind the mar~ Ket. Careful perusal of the President's message to Congress brought heavy 1 buying into several of the high-grade Issues at the opening, but this was offset to some extent by selling in- spired by the Soviet government's brusque response to American peace proposals in the Far East, Business News Mixed. The day's business news was mixéd in character. ~Announcement of an- other series of “Christmas dividends" and a further easing of credit condi- tons stimulated some buying. The demand for the public utilities received considerable impetus from a revival of merger rumors involving American Water Works, Columbia Gas and other large power and light properties. Steel shares folned the advance, after an early period of hesitancy, despite the relatively low rate of steel mill ac- tivity, and the Iron Age report that the daily average of pig iron produc- tion last month was the lowest since September, 1928. Special strength of American Rolling Mills was based on reports of further profitable patent agreements. Call money renewed unchanged at 2 _per cent, but funds were availab) in the outside market as low as 315, Recent strength of the British, French and German currencies in the foreign emmngelmlélé‘e:fi, Iricrea?ed the pos- s y of a nal d shipments abroad. o sy American Water Works leader of the public utility group, soar- ing 11 ints. American & Foreign. Power, North American Cd,, American Power & Light, Brooklyn Union Gas and. ‘Western Union sold 5 to 8 points higher. Notable Gains. Columbian Carbon resumed its spec- tacular advance by soaring 12 pom. International Business Machines was marked up 14, Auburn Auto 8, and A. M. Byers, American Machine & Foun- dry, Allled Chemical and Eastman Ko- dak each advanced 7 points or more. Allls Chalmers was run up 5 points on reports of an early increase in the annual dividend from $2 to $3. Otis Elevator, Simmons, Atlantic Gulf & West Indies, Baldwin, Products, R. H. Macy and United States Indus- zx;l‘nl Alcohol also recorded substantial Ins. 3 Aviation shares and an assortment of miscellaneous issues, including mer- chandise, tobacco and high-priced utility stocks, moved upward in the final hour. Columbian Carbon extended its advance to 18 points, Detroit Edison to 10 and General Electric to 8. Gains of 3 to 5 points were common. United Aircraft, was the points each. The close was strong. Commodity Notes Steel. MASSILLON, Ohio, December 4. The Central Alloy Steel Corporation now is manufacturing more stainless steel than at any time since ft begau manufacture of this product, F. J. Grif~ fiths, chairman of the board, stated today. Despite increased production, deliveries are from six to nine weeks behind orders, and the demand is in- creasing rapidly with development of new markets in the automotive, pips, building and miscellaneous lines. Retail Trade. 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